Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-09-30
0N CHANGE.
spot Cotton Lower; Futures Irregular.
Generally One to Three Points low.
er-noney Market Easy.
The Bears Huled the Koost ia the Grain
Exchanged Trading Good-Live
Stock pransec:fo1s Brisk,
Daily Review.
GAZETTE OFFICE,
FORT WORTH, TEX, SEPT, IS, 1887,


FORT WORTH, TEX, Sept. Is, 1857.
Wholesale trade was booming to-day
with retail trade fair
Cotton receipts were again Compare
lively light, owing 10 the bad weather.
Prices range from 7tCa Sc.
Butter and eggs have an upward ten
dency, the supply being limited3at pres
ent. Prices will be higher.
THE STATE OF TRADE.
! Special kilograms to RraGs.reet's from
/ the more important domestic fiaauciul
Ceaters inGicsie that large share OF the
reported hegm to general trade caused bg
tigat money has been unf0uuded Tlss il
c0nclusiVely shown in series Of reports
to BradstTeet's of the effect OF the strip-
genCT on general business at the larger
money centeTs. There has been some uo-
favorable Influence exertGd amorg lob
0eT5 aNG other merchants at New York,
Phlladelphis and Boston, due to the d iii
Guilty IN ooEainIng liberal discounts. and
because CT rates having been sharply sd
Vancea for best commercial paper. The
/ losA markets have been quite stiff, and
paper has been scanned much more clos
~ than usual al P.ttsburg. Cincinnati.
Detroit; Chicago, st. Louis, Kansas CITY,
st. Joseph, 81. Paul and Minueapo!is,
but no actual stringency has been
noted st these citiee, and regular custom
ers OF banks have been protected But
the 1nabiiits Of the weekly purchase OF
Doads by the Treasury 10 bring relief st
the east had excited the commercial pub
lie, end talk of u squeeze and possible
panic mad stimulated caution among lend
er5 to cucn degree that some relief Was
necessary. This YVES met by tie Presi-
dents offer to buy 514, COO, Geo OF A. End
4ts, but call loan Tates only have become
easier. Mercantile collections west con-
tinue fair and with the increasing crop
movement promise to become easier.
Reports or heavy cash surplus in the
Natlona. Treasury are not easy go verify,
The otfcial statement OF net cash in the
treasury SHOWS decline, September |.
OF nearly So, 100000 as compared with
the same date year ago, aud of about
$4,000, OOC as compared with the same
date two years ago. Tee apparent de-
crease Is mainly due to the inclusion
among the liabilities of nearly S4O.-
100000, in the net reserve OF deposits
neld for the redemption Of retired bank
note circulation, more than wes SO held
one year ago, snd more than SEQ, 0OO. 600
IN excess as compared with two years
ago. Taking into consideration dlsburs-
Ing officers accounts and few smaller
Items of the same class, the actual in
crease OF cash ii the Treasury over one
gear ago ID but SIS, 100000, and over two
yesEs ago but abous so, OOO,O 600.
Increased approximations regarding
money produced serious decentralization
IN the New York stock market, which
Was, however, checked By the change in
the Treesury's policy, though trading is
dull and speculation unsettled. Govern
ment bonds are quiet and quotations
frectionally above the government offer.
Inc money market is sensitive and lend
ers continue conservative. Time loans
ere practically 10 easier and com
mercial paper is high, though the
disposition 10 purchase has improved.
Money on call is easier at Ia ) per cent,
ooHd purchasers having brought more
money into Wall street. Total purchases
OF bonds under the new circular to Fridsy
evening ere S5,0O7,75O. offerings on
Friday were smaller than expected.
Foreign exchange is weak on sales of
oils against securities purchased by
foreign buyers.
The decline in stocks Of visible wheat
afioat and ashore, ulisvorsble weather
reports northwest and stronger cables
served TO stimulate prices OF wheat
some Bradstreet's.